Stark Company, a 90% Owned Subsidiary of Parker, Inc

question 9

Multiple Choice

Stark Company, a 90% owned subsidiary of Parker, Inc. sold land to Parker on May 1, 2012, for $80,000. The land originally cost Stark $85,000. Stark reported net income of $200,000, $180,000, and $220,000 for 2012, 2013, and 2014, respectively. Parker sold the land purchased from Stark in 2012 for $92,000 in 2014.
Compute income from Stark reported on Parker's books for 2013.

• A) $185,000.
• B) $157,500.
• C) $166,500.
• D) $162,000.
• E) $180,000.

Recognize the importance and accurate terms of modern broadcasting methods online.

Differentiate between various forms of digital communication (blogs, wikis, podcasts, and social networking).

Understand the challenges and policies associated with using instant and text messaging for business.

Explore the concept of crowdsourcing and its benefits for businesses.

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Definitions:

Confederate

Someone who appears to be a research participant but actually is part of the research team.

Experimenter

An individual who conducts an experiment, typically a researcher or scientist, to test hypotheses and observe outcomes in a controlled setting.

Foot-in-the-door Technique

A persuasion strategy that involves getting a person to agree to a large request by first setting them up to agree to a modest request.

Persuasion

The act of convincing someone to do or believe something through reasoning or the use of emotional appeal.